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CBS
Nov 28, 2012 4:00am PST
, we would be out of here. good morning. lack of progress on fiscal cliff talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while the hang seng fell half of a percent. the deficit reduction talks weighed on wall street. the dow lost 9 points while the nasdaq gave up 9 points. brick-and-mortar sales reported increased sales to kick off the holiday shopping season. home prices in most major american cities are on the rise. a survey showed prices rose 3% in september. the bangladesh garment factory where 112 people were killed produced clothes for disney and walmart and sears. the ap discovered clothing and records connected to the retailers inside the remains of the factory. walmart says it stopped doing business with the factory after learning the facility was deemed high risk. this morning three factory officials were arrested on suspicion they locked the workers inside the building. the surge in cyber monday shopping on monday means big business for shippers. federal express expects to deliver 280 million packages during the holiday season. to handle the ext
ABC
Nov 28, 2012 6:00am PST
-- >>> bus full of paiges crashes into a child's bedroom. >> avoiding fiscal cliff new poll reveals what americans >>> good morning many rain continues to focus on the north bay now it will begin to shift east and south winds 30 to 40 miles an hour from pacifica to half moon bay. you can see yellows continue to push into sonoma and marin that's where the rain is beginning to pick up. bodega bay, santa rosa light returns further south blue, not much happening here, a few areas of light showers from 580 along san francisco, the peninsula, very light returns into the east bay still quiet the winds definitely getting woken up by those winds in the next two hours, 7:00 to 9:00 the rain will continue to come down moderately not behind the front now until noontime, very active weather, still to come. >>> right now we want to take you back out for live pictures. you can see on your left is san rafael, folks there are getting wet and the winds are the big issue. we have a tweet who just mentioned in sonoma they are getting a lot of rain. on the right paca, along the coast where you will find some of the most howling winds and f
CNN
Nov 28, 2012 6:00am PST
republican, spoke about the republican commitment to work with democrats to avoid the fiscal cliff. let's listen. >> good morning, everyone. in going over the fiscal cliff it will hurt the economy and hurt job creation in our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one reason why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. we're going to continue to work with the president to try to resolve this in a way that is fair for the american people. we all know that we've had this spending crisis coming at us like a freight train. and it has to be dealt with. and in order to try to come to an agreement, republicans are willing to put revenue on the table but it's time for the president and democrats to get serious about the spending problems that our country has. but i'm going optimistic that we can continue to work together to avert this crisis and sooner rather than
CNBC
Nov 28, 2012 9:00am EST
. >> did you pass me in age? >> i'm working on you. >> when we come back this morning, the fiscal cliff obviously taking center stage as it does every day. house budget committee member republican congressman jim lankford from oklahoma and phil lebeau has mark reuss live from the auto show and we'll look at where we get with another implied open down. a few of these in a row now. "squawk on the street" back in a minute. from local communities to local businesses. the potential of yelp unlocked. nyse euronext. unlocking the world's potential. to a currency market for everyone. the potential of fxcm unlocked. nyse euronext. unlocking the world's potential. looking for a better place to put your cash? here's one you may not have thought of -- fidelity. now you don't have to go to a bank to get the things you want from a bank, like no-fee atms, all over the world. free checkwriting and mobile deposits. now depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management
CBS
Nov 28, 2012 5:00am PST
. >> reporter: good morning. well, lack of progress on "fiscal cliff" talks in the u.s. sent asian markets lower this morning. tokyo's nikkei loss more than 1% hitting a one week low while hong kong's hang seng fell about .5%. >>> the deficit reduction talks weighed on wall street. the dow was down 89 yesterday while the nasdaq gave up 9. >>> retailers have a strong start to the holiday shopping season. according to shopper track, foot traffic was up more than 8% for the four-day weekend starting on thanksgiving. sales rose nearly 3% to $22 billion compared to last year. >>> and the surge in cyber monday shopping means big business for shippers. fedex says it expects to deliver 280 million packages during the holiday season. to handle the extra work, fedex has hired about 20,000 seasonal employees. guys, i got my first package yesterday on the front step and i had to run upstairs and hide it before anyone could see what it was. >> oh, nice. >> it begins. >> it does. >> are you a big adele fan? >> yes. i am a big adele fan and apparently she's doing pretty good right now. according to nielsen soundscan, her sophomore
CSPAN
Nov 28, 2012 5:00pm EST
day we'll be focusing on a specific aspect of the fiscal cliff. this morning the focus was on the extension of the so-called bush-era tax cuts. harold: we're going to look at the bush era income tax cuts. the ones passed in 2001 and 2003 and then again in 2010 under this administration. joining us to discuss this today is zach of "the washington post." if i could just begin with when did the bush income tax cuts take effect, what were the years and why? what was happening? guest: the bush tax cuts originally took effect in 2001 and 2003. and they mainly involved cuts in regular income tax rits as well as investment income rates and the idea was basically twofold. one was at the time it's hard to believe now, but at the time we had projected huge surpluses because of the strong economy of the 1990's and the deficit reduction plans that had been put in place in the 1990's. so basically the government had the choice of do we spend that money on social programs or do we return it to taxpayers? and the bush administration and others decided we're going to return that money to the taxpa
ABC
Nov 28, 2012 5:00am PST
power ball tonight experts say take the money and run. whatever happens with the fiscal cliff taxes on the very >>> good morning. winds gusting in excess of 30 miles an hour at our coast, wind advisory throughout the entire bay area -- [ inaudible ] wind warning at our coast we could see winds there in excess of 60 miles an hour through 11:00 this morning. >>> we'll continue to keep an eye on those winds. residents on the peninsula will be keeping an eye on a slipping hill slide where a mudslide happened earlier this month. a water main break caused this mess along several streets in daly city november 13th crews have been going around the clock to shore up parts of that hill to keep debris from flowing into the neighborhood daly city has spent almost half a million dollars to repair the damage. >>> in iraq residents of a baghdad neighborhood are cleaning up following a car bombing the blast killed five on a day when insurgents launched taxes against security forces and civilians in central and northern iraq yesterday, 30 were killed, dozens wounded. >>> in egypt several hundred protesters continue to clash with polic
NBC
Nov 28, 2012 4:30am PST
wary about the fiscal cliff and they're showing their concern on wall street. we turn to bertha coombs live at cnbc world headquarters. good morning, bertha. >> good morning. last week, markets were kind of bland because congress was out of town. they came back, started talking about the fiscal cliff, and we see markets yesterday sort of take a bit a nose-dive. particularly after those comments from harry reed when he said it was time to stop the happy talk in his words. that overshadowed a lot of positive news that came in in the morning in terms data home prices, consumer confidence. we'll get data this morning on new home sales and a report from the fed on regional economic conditions. the dow after those comments from harry reid falling 89 points. and some changes in -- hopefully they can find their way there. apple has reportedly fired the executive in charge of developing the map software. rich williamson has left the come. he oversaw the app that was included in the new software and preinstalled on the new iphone 5. critics and consumers have complained the app is inferior. with apple preparing a new app for the iphone, seems apple
CBS
Nov 28, 2012 7:00am PST
americans count on iscal cliffar. ath the fiscal cliff looming it has come up now for discussion. a look at how that could affect home values and your taxes. ing. morning. >> good morning to you, norah. families tak one the mortgage interest eduction on their taxes each .ear. those families see an average how it n of about $2,000. so here is how it currently works. families making less than $40,000 a year see a tax savings of about $100. families making between $40,000 ave $75,000 save $542. weenlies earning between $75,000 and $250,000 see a tax savings ytween $1,200 and $2,600 a year than e highest earners making more than $250,000 see an average savings of about $5,400. to raise more revenue, congress newonsidering multiple new plans. pl administratiministration's plan, thamily making more than $250,000 would see their 28%uction cap at 28% rather than fhe current rate of 35%. ter the next ten years, that rould lower -- rather increase federal tax revenue by nearly $600 billion. critics argue that lowering the cap would hurt home values, the cularly along the coast here the prices are the highest, and just as they're beginning to rebound. tsody's chief econom
CBS
Nov 28, 2012 4:30am PST
or twitter, or email us at mornings@cbs5.com. >>> on to the "fiscal cliff" drama now where high hopes for a bipartisan solution are slipping a bit in washington. as susan mcginnis reports from capitol hill, democrats and republicans seem to be drifting apart again. >>> reporter: it's a short drive up pennsylvania avenue from the capital to the white house. but congressional republicans and president obama are getting farther apart in their efforts to keep the nation from veering off the so-called "fiscal cliff." a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side are having some difficulty turning off the campaign. >> reporter: the white house says the campaign gives the president support from the american people. >> the election was conclusive in terms of which path a majority of americans want to take. >> reporter: president obama will try to build support when he meets with middle class americans here in washington today. he will ask them how the "fiscal cliff" could impact their lives. on tuesday, he invi
CNBC
Nov 28, 2012 6:00am EST
got issues. and those have to be dealt with. but i don't really think that the fiscal cliff is a very efficient way of dealing with it. >> agreed. >> but a little time pressure probably is a good thing. focuses the attention. >> professor, thank you for being here this morning. >> thank you. >>> if you have any comments or questions about anything you've seen here on "squawk" this morning, go ahead and e-mail us. >>> when we return, a new concept at hilton hotels. think luxury. we'll have the details right after this. >>> before we head to a break, though, you may want to stop and buy a lotto ticket on your way to work today. i know, joe will never let us hear the end of it. >> go ahead, you could win. >> someone could win the largest power ball jackpot in history. >> i'm jealous. >> you're going sorry. >> you're probably going to win. one in 175 million. good shot. >> in fact, andrew, we're going to buy more tickets. it will be joe and the crickets. anyway, the odds, we admit it, 175 million. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's
FOX
Nov 28, 2012 6:00am PST
. >>> dangerous times how the fiscal cliff could affect people in california, stay tuned for ktvu channel 2 morning news. this is ktvu channel 2 morning news. >>> good morning, thank you for joining us this wednesday november 28th, i am pam cook. >> weather is changing and we are on storm watch right now and we have the first of several storms roaring into the bay area and expect rain and strong winds happening now. we have live team coverage and our crews are in san francisco who are at the richmond san rafael bridge. tara moriarty is watching the morning commute, where is that storm, we can feel it, right? >> now some of the heavier rain, we have to go back here but some of the heavier bands are beginning to inch into the north bay and you can see northern county as well as rushing river, we will keep an eye on that because it will be one of the focuses of the heavier rain nothing too bad yet but up into mendocino county, there will be heavy duty rainfall totals and so far there are only 3 / 100s for the south bay. coming up, mark is live at the richmond san rafael bridge, it looks like things are pic
CBS
Nov 28, 2012 6:00am PST
mornings@cbs5.com. >> still no deal on capitol hill to avoid that "fiscal cliff" at the end of the year. some republicans have said they are willing to consider some tax increase but they are insisting on larger budget cuts to benefit programs which of course the democrats oppose. if all sides can't agree on a spending plan before year's end the automatic tax hikes and across-the-board budget cuts kick in. >> we must do everything we can to ensure that middle class families are not hit with $2,200 a year in tax increases. >> i hope cooler heads will prevail as we move through the process. we need to be working together. >> president obama is trying to generate public support for his ideas. he is going to meet with corporate executives today at the white house, then travel to pennsylvania friday to push for highers taxes for the wealthy. >>> susan rice on capitol hill today again to meet with lawmakers. the u.n. ambassador is trying to explain comments she made shortly after attacks on the u.s. consulate in benghazi, libya. yesterday she met with three of her strongest senate critics inc
FOX News
Nov 28, 2012 6:00am PST
its approach on the fiscal cliff, saying the elect is over. it's time to stop campaigning and start talk. some republicans are telling the president, show us your hand. martha: not over the cliff yet but perhaps headed there. good morning. i'm martha maccallum. the minority leader mitch mcconnell called the president out for what he says is a campaign-style blitz instead of negotiations between both sides. >> rather than sitting down with lawmakers and working out an agreement he's back on the campaign trail. we are not going to solve this problem by creating villians and drumming up outrage. >> he will be out trying to i'm sure zero in on those states represented by members of the house and the senate to try to get public support. bill: democrats upping the ante, looking to raise taxes, protect entitlements and raise the debt ceiling all at the same time. stuart varney, hello, there, sir. you think there has been a shift in those negotiations. >> i don't mean a shift in position. i mean a shift in focus, what they are focusing in on on the last couple days it's been taxes now it seems to be we are focusing in on entitlements and spending cuts. the democrats and the republicans are presenting a united front saying no cuts t
CNN
Nov 28, 2012 2:00am PST
year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had snow, for sure, but right now we certainly don't. this has all moved offshore. this was just the rain, but what was left behind? actually black ice there this morning. places like new jersey, six inches of snow. chester, new jersey, five. you can see sunbury, pennsylvania, three. 2 1/2 in mill brooke. the hudson valley and portions of connecticut are seeing black ice as a factor. take it slow, especially the elevated surfaces with temperatures so cold. story number one. story number two, a mammoth storm, this is the water vapor. what you need to see with this is look at this huge trough off the coast. all this moisture is poised to come in. it's actually called, atmospheric river of moisture, just a barrage on the west
CSPAN
Nov 28, 2012 10:00am EST
fiscal cliff. also today, new york city mayor michael bloomberg on capitol hill meeting with house leadership advocating for disaster relief after hurricane sandy. house republican leaders have been meeting this morning, meeting with their conference on a number of issues. the associated press talked about tom cole yesterday calling for the extending the tax cuts to 98% of taxpayers who make less than $250,000. speaker boehner responded to that in the meeting, according to reports. then they met with reporters after their meeting. we'll show you as much as we can until the house gavels in at noon. >> good morning, everyone. >> good morning. >> going over the fiscal cliff will hurt our economy and will hurt job creation and our country. republicans are committed to continuing to work with the president to come to an agreement to avert the so-called fiscal cliff. it's one of the reasons why we believe that we put revenue on the table as long as it's accompanied by serious spending cuts to avert this crisis. we believe that this fits the president's request for a balanced approach to this issue. and we're going to continue to work with the president to try to resolve this in a way that is fair for the american p
MSNBC
Nov 28, 2012 3:00am PST
the playbook. >> good morning, guys. >> let's talk fiscal cliff. your lead story this morning on the white house new strategy to attack the fiscal cliff calling it kind of a road show. i guess the opposite of the way they've negotiated inside with john boehner and others on past deals. >> yeah, the president feels he has very strong cards here and one of the strategies of the white house is that if we go over the cliff, if all those tax cuts are allowed to expire, the president has real ways to extract pain from the republicans. polls already show people are more likely to blame republicans and here's something very important. republican leaders know that. joe scarborough writes on politico right now that when eric cantor, the number two house republican was there on your set, that he noticed a different tone from him and seeing more and more signs of that as the week goes along, the republican leaders recognize that the president has an inaugural address, a state of the union address and a lot of high-profile ways to pin the blame on them and so today we have this remarkable movemen
CSPAN
Nov 28, 2012 1:00am EST
talks continue on the so-called fiscal cliff, democrats must be open to what he calls painful topics, including medicare and medicaid. he was at the center for american progress for about 45 minutes. >> good morning, everyone. thank you for being here. i am the president of the center for american progress. we are thrilled to have senator durbin here today to talk about his views on the fiscal cliff. as we engage in this debate, i wanted to lay out a few principles that are critical as washington becomes obsessed with this set of issues. the elections have consequences. at c.a.p., we have argued that the issues that are really framing the fiscal debate and fiscal cliff were ones that were litigated in the election context. the president did not have one set of conversations before november and a second set now. there was a thread going through the debate that the country was having and that thread was around having a balanced plan to address america's fiscal challenges. there are serious fiscal challenges that we do need long term -- deficit reduction -- that is important to america's credibility. it is important for america's economy and economic growth. that plan has to be balanced, and that means signif
MSNBC
Nov 28, 2012 7:00am PST
>>> good morning. i'm chris jansing. two big showdowns today on capitol hill over the fiscal cliff and ambassador susan rice. both of these have been escalating, and on the fiscal cliff especially the clock is definitely ticking. let me give you a rundown of what's happening in the next couple hours. first, ambassador rice is meeting with two republican senators today. right now she's in with susan collins of maine. later she'll meet with bob corker. yesterday, too, she was on the hill defending herself over her comments following the benghazi attack, but the gop leaders only seemed more entrenched in their opposition. in addition, anytime now house democrats and house republicans will hold separate news conferences to talk about their closed-door meet ings on the fiscal cliff. at 11:30, president obama will make remarks at the white house surrounded by middle class americans who he says would see their taxes go up if congress can't make a deal. later he's hosting big business leaders to talk about ways to cut the deficit. joining me to talk about this, "washington post" political
MSNBC
Nov 27, 2012 7:00pm PST
occur if we went off the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. politico reported this morning president barack obama made a demand of how john baoehner nea the end of their first white house meeting on the fiscal cliff, raised the debt limit before year's end. boehner responded, quote, there is a price for everything. boehner told president obama at the white house that the debt limit increase is quote my leverage. although he added that he's flexible on when it should be done. senator durbin said today that raising the debt ceiling must be part of any deal with republicans. >> i also think that the president isn't going to sign off on any agreement that doesn't include some certainty as to budgets, appripriations, dealing with our debt ceiling. we're not going to find ourselves with some big party celebrate i celebrating in february and then turn around and march and have another doomsday scenario with the debt ceiling. >> the man who until this week was the most power
CNBC
Nov 28, 2012 3:00pm EST
entitlements, social security, and otherwise as a separate issue from the fiscal cliff. house leader eric cantor speaking this morning in washington about that very issue. i want you to listen and we'll talk about it on the other side. >> we have not seen any good faith effort on the part of this administration to talk about the real problem that we're trying to fix. i'm told that mr. bowles, as some of us will meet with him later today, had said earlier this morning there's been no serious discussion by the white house on entitlements, on medicare and medicaid. >> is that where the conversation starts and stops to really make a dent in the deficit over the long term and the issues that we have? >> to make a dent in the deficit, i don't believe it starts and stops there, but i think there is no discussion about reducing expenses, government expenditure, without addressing social security and medicare. absolutely entitlements are on the table. we've made promises of benefits that we just cannot keep as a country over the long term. >> doesn't seem as though we're willing to deal with that issue. we're going to speak to a
CNN
Nov 28, 2012 4:00am PST
until the whole fiscal cliff mess is behind us. senator dick durbin joins us this morning. always great to talk to you. appreciate your time. >> thanks, soledad. >> now with this latest development, how hopeful are you that, in fact, a deal is going to get done? and what would that deal look like? >> well, we should reach an agreement. the point i made was, when it comes to medicare, we know that it's going to run out of money in twelve years. whatever changes we want to make should be thoughtful changes. not made in the heat of the fiscal cliff. not done in the closing days here, of a lame duck session. let's look at this thoughtfully and make sure at the end of the day medicare is going to survive and be stronger. but i think there is plenty of ground here for us to come together as democrats and republicans, the congress and the president, and avoid the worst parts of the fiscal cliff. >> okay, so what entitlements then? what would you put on the table? right now it's been the narrative is kind of republicans will put taxes on the table, democrats will put entitlements on the t
CSPAN
Nov 28, 2012 7:00am EST
money and this conversation we're having this money, ties into the fiscal cliff talks, because defense and non-defense spending, automatic cuts take place if no deal is reached. so we are turning to all of you outside washington this morning. how would you fix your school system? natasha in macon, georgia, an educator. caller: yes. host: what are your thoughts? caller: schools need to allow various ways of teaching. a very rigid process where we are looking for one out, but not allowing different ways to teach multiple varieties of students. host: what does that mean? you have to teach in a certain way because of testing requirements? caller: i mean because of learning requirements. sometimes teachers teach because they want to teach a certain type of way, like they want to lecture or they don't want to change their teaching -- or they want to change their teaching style because the children have different home languages because of their culture. you have to take more things into account. i do think teachers could be more artistic in their interpretation of the standards. that should be supported by administrators. host: give us an example of artistic? caller: i like to use dramatic arts in my teaching a lot of times duty to a
NBC
Nov 28, 2012 6:00am PST
about that fiscal cliff. nasdaq off about 20 points. s&p 500 down about 8. yahoo! ceo meyers spoke in palo alto last night. nbc and invited guests. closed to reporters. you can see more of this event on the "today" show. meyer will be meeting with the president today to talk about the fiscal cliff. on a much lighter note, they'll be celebrating the 40th anniversary of pong. with the guy who invented pong as a special guest. the building sits on the spot where the old candy tapp tavern was. that was the home of the very first pong machine. why tonight you're wondering. because this worked on the calendar for everybody. that's the reason. >> oh, okay. >> i like the sound effects. it used to be a quarter to play that. >> the very first machine, they called them back because they thought it was broken. it was stuck full of quarters. >> because everybody wanted to play. >> thank you very much. >> those games we played. atari. good day to stay inside. maybe cuddle up with a good game or a book or a movie. chowder weather. temperatures are rather mild out there right now. we have cold air st
CNBC
Nov 28, 2012 4:00pm EST
like "reason" magazine a lot. >> me too. they seem very reasonable. >>> call them fiscal cliff spikes and dives, will the market swings continue tomorrow morning? we've got three top money pros to weigh in next. >>> and we're keeping an eye on the closed-door meeting at the white house between president obama and ceos to tackle the fiscal cliff. there's a look at the white house right there live as you're watching cnbc first in business worldwide. at optionsxpress we're all about options trading. we create easy-to-use, powerful trading tools for all. look at these streaming charts! they're totally customizable and they let you visualize what might happen next. that's genius! we knew you needed a platform that could really help you elevate your trading. so we built it. chances of making this? it's a lot easier to find out if a trade is potentially profitable. just use our trade & probability calculator and there it is. for all the reasons you trade options - from income to risk management to diversification - you'll have the tools to get it done. strategies. chains. positions. we put 'em all on one screen! could we make placing a trade any easier? mmm
MSNBC
Nov 28, 2012 6:00am PST
cut a deal to avoid the so-called fiscal cliff? some days it feels that way. the president is stepping up his pr effort today delivering remarks this morning surrounded by, quote, middle class americans who will see their taxes go up if no deal is done. he'll sit down with more than a dozen ceos hater today including several who were prominent supporters of mitt romney. the white house even has a new hash tag called #pound#my2k. i asked jay carney whether this is just a game of running out the clock until the real negotiations begin in late december. is everything just killing time until the deadline comes? >> no. >> it seems everybody -- >> it doesn't feel like killing time. >> killing time until the final week and the jet fumes of the airport and then everybody will sit down and hammer this out. >> well, look, here's a fact, the president has on the table a proposal that reduces the deficit by $4 trillion. that is substance. so he has not waited for people to start smelling the jet fumes at national airport. he has actively put forward a plan. >> the white house and republicans are ramping up their pr, something significant is happening behind the
CNBC
Nov 28, 2012 4:00am EST
. >> better figure out the fiscal cliff. >> absolutely. >> you listen to this and go oh, that's why it's so important. >> start with 101. >> thank you both very much for your time this morning. >>> optimistic comments about china's growth from the commerce minister. chen said he expects chinese exports to improve next year, but gave no specific reasons for his projections. and the u.s. treasury says the u.n. is still undervalued but stopped short of labeling china a currency manipulator. it says china has allowed the u.n. to appreciate 20% since 2010. >>> a new report suggests the u.s. treasury has fewer tools available to stave off a default that it did in 2011. if congress fails to increase the debt ceiling by year end. the bipartisan policy center says the u.s. will hit the $16.4 trillion limit in the last week of december with big payments due -- get this -- on new year's eve. >>> there's still time to scrounge up $2 if you're in the u.s. and go buy a power ball lottery ticket. the jackpot for tonight's drawing, which will take place at 10:59 p.m. eastern, is a record $500 million. it swelled in the past few days. earlier, the megamillions lottery hit a previous record jackpot of $656
FOX News
Nov 28, 2012 3:00pm PST
other liberal organizations to discuss the fiscal cliff. and here is how the "washington post" characterized the meeting and some of the groups there. one person at the meeting which included people from the afl-cio asked me, seiu, moveon and others came away convinced that the white house would ultimately prove willing to go over the fiscal cliff if necessary. rather than give ground on core demands. though this is not by any means a desired option and isn't being discussed as a strategic possibility. what was discussed was decoupling the spending cuts and the tax increases. the president talked about it. so did jay carney at the white house briefing. the panel. steve hayes for the "weekly standard." kirsten powers, columnist for the daily beast. syndicated columnist charles krauthammer. okay, steve, it seems with republicans splitting that would be a nonstarter. >> yeah. i would think it would be a nonstarter. one of the very few things that democrats could do at this point to get republicans to run away from the table. i think that republicans came up the day after the elec
FOX News
Nov 28, 2012 2:00am PST
. they are headed to the white house today weighing in negotiations over the fiscal cliff as the president tries to pick up outside support for his proposed tax increases. doug luzader joins us live from washington with more. hi, doug. >> ainsley good morning. business leaders are pleading with the white house to come up with some kind of a deal to assert spending cuts as part of the big fiscal cliff. no deal in sight yet. take a look at what happened on capitol hill yesterday. naked protestors stormed the office of house speaker john boehner. they are protesting cuts in healthcare they say but shows how any kind of spend wiing cut are nearly impossible these days and they are warming for the president's call to raise tax revenue. many democrats are emboldened since the election refusing to talk about any specific cuts to federal spending. >>> president obama and democrats ran on a promise of bush tax rates. president obama didn't hide that last year of the campaign every place he went that's what he talked about. americans when they voted raised their voices and supported our pledge congress acted in accordance with the will of the people. >>> there's a debate of how to raise taxes. if government spending isn't paired back in some way republicans m
NBC
Nov 28, 2012 5:00am PST
fiscal cliff. it was really the tone, saying it's time to end the happy talk. that overshadowed positive reports on home prices and consumer confidence. this morning, we'll get data on new home sales and a report from the fed on regional economic conditions. the dow fell 89 points. the nasdaq losing nearly 9. if you're flying over the holidays, it's going to cost you more. airfares expected to be about 5% higher than last year. if you leave on the saturday before christmas and return on the following saturday, the saturday discounts won't apply. your fare could be 27% higher. it's not deterring many people who are willing to pay higher prices. if up got somebody flying in, really appreciate them for that. meantime, orbitz says the saturday and sunday before christmas are likely to be very busy. the day after as well. they think you will pay less if you fly on christmas day. if you're working on wednesday after christmas, i suspect christmas day will be a lot of busy travel for folks trying to get back after the long weekend. >>> nintendo was trumpeting it sold 400,000 of those new wii-u devices on its first weekend out. that was too much showing off for
MSNBC
Nov 28, 2012 12:00pm PST
alone for the average family of four if the nation is to go over the fiscal cliff. you know, there was one republican, you talked about the glimmers of hope for a compromise. it's tom cole of oklahoma who was quoted yesterday and this morning saying, you know what? let's go along with the president. you heard the sound bite. the president once again calling for congress to pass a tax cut for everybody making under $250,000 and come back to the rest later but the problem is, tom cole doesn't have the votes and neither does john boehner even if he wanted to put that on the floor so the goal of the pr campaign, the machinery kicking in to gear at the white house is to turn the voettes, get votes. swing counties, you know, the election may be over but the campaign continues. there are republicans around in these counties around philadelphia, three of the four districts, as a matter of fact, who can be counted only as swing voters in the house of representatives and that's the battleground where the fight is playing out, steve. >> okay. thanks as always. >>> now bringing in "the washington post" political columnist dana millbank a. point of emphasis is tax rates for the wealthy saying in the campaign to go up, he wants to make sure th
KOFY
Nov 28, 2012 11:30am PST
president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk about, coming up. >>> plus, toxic chemicals in the living room. new study by bay area researchers on how widespread they are. >>> power ball jackpot keeps getting bigger we'll tell you getting bigger we'll tell you how far californians people are stuck in very old habits of using toothpaste to clean their denture. but dentures are very different to real teeth. they're abo
ABC
Nov 28, 2012 11:00am PST
owner met with the president yesterday to talk about this fiscal cliff, aurora is co-founder of an urban mushroom farm in oakland the farm was featured recently in "the chew." >>> congresswoman spwaoer introduced what she is calling her stop harming our kids resolution this morning on capitol hill. aimed at protecting minors from sexual orientation near i. the treatment -- therapy. critics call it junk science amountinging to psychological abuse. california is ahead of curve. governor brown signed a bill last month banning gay conversion therapy for minors. >>> supreme court is set to announce next week whether it will let prop 8 -- this morning -- [ unintelligible ] >>> still ahead, coverage of the storm continues, lisa argen will tell us next the -- when the next wave will hit. >>> here's a look from i-80 heavy rain east bay, break in the north bay, gusty winds and wind advisory next one to talk about, coming up. >>> plus, toxic chemicals in the living room. new study by bay area researchers on how widespread they are. >>> power ball jackpot keeps getting bigger we'll tell you how far californians are going to get in on >>> new details about that deadly fire at a clothing factory in bangladesh owned by a company that supplies retail chains here this u.s.. three f
FOX
Nov 28, 2012 5:00am PST
baby was inside, we will tell you what leads police have. >>> and how the fiscal cliff could affect long-term benefits here in the golden state, it is all ahead on the ktvu channel 2 morning news. >>> this is ktvu channel 2 morning news. >>> good morning, thank you for waking up with us this morning november 28th, i am pam cook. >> we are on storm watch this morning, the first of several storms will roar into the bay area, you should expect strong winds and we have team coverage for you. ktvu channel 2 morning news tara moriarty is watching the traffic and it is the first for you. where is the storm system now. >> right off the coast. it is producing some light rain and it is coming in, in about two hours and the heavy rain is offshore. it is merging and it is going to pack a pretty good punch here. it looks like it is heading towards the marin coast and we will keep an eye on it and the focus will be the rushing river and for now let's to go to mark, i think this is the first time we have worked together, how are things at the san rafael bridge. >> yes, it is an honor. we have had a few light showers. >> reporter: a little bit of a breeze nothing too major, but you can see we
MSNBC
Nov 28, 2012 8:00am PST
. >> thanks. >> we have more heavy hitters coming up on the fiscal cliff on msnbc throughout the next day. next hour on "now" with alex wagner, she'll speak with senator patty murray. at 1:00 p.m., debt commission co-chair allan simpson joins andrea mitchell. e your jaw drop? campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your
FOX
Nov 28, 2012 7:00am PST
deal with that looming fiscal cliff. >>> and rain, windy weather, it's all here now in the bay area this morning. the first of several storms that will bring rain through sunday. >>> we have live team coverage for you this morning. ktvu's tara moriarty is monitoring trouble spots on the roads for you. let's first go to claudine wong. what is it like in the north bay? >> reporter: soggy. it's been raining steady since about 5:30 in the morning. residents are doing fine, keeping an eye on the creek. this is the problem when it really gets going. that level rises and it floods. at least that's what it has done. take a look on the roofline, you can see enough watter to get the drains working and when you see those leaves fall in the drains, steve mentioned it's not this storm that is the concern but maybe friday. it all adds up. they do have a high tech way to keep track of everything. i want to show you this witness. we showed you this in the last hour. it really gives a good idea of where things are going. you can see how much rain we are getting and how it is affecting creek levels. this is the fairfa
ABC
Nov 28, 2012 7:00am PST
fiscal cliff, of tax increases and spending cuts, looming at year's end. today, that and president obama will meet with a group of middle-class americans, hoping to convince congress to protect tax cuts for families earning less than $250,000 per year. >>> it will be another tough day of questioning for susan rice, the likely nominee to replace hillary clinton as secretary of state. rice, facing critics for a second-straight day. they say she misled the public after the attacks in libya. rice said she was using the cia information available to her at that time. but after talks yesterday, republican senators, including john mccain, say they are even more troubled, now, about rice's responses. >>> and after the repeal of the don't ask/don't tell ban on gays in the military, four women are challenging the ban on women in combat. their lawsuit claims the 1994 rule keeping them out of ground combat also unfairly blocks them from promotion. it comes as officers are on aer is survey, asking if women would be a distraction in combat operations. >>> and police in new york, say a bus driver
CSPAN
Nov 28, 2012 6:00am EST
fundamentals in agreement before the end of the year and avert this fiscal cliff. >> as progressives, we have no better champion then who is at the table and part of the gang. thank you for joining us. [applause] >> > several live events to tell you about this morning. political -- politico hosts a discussion with grover norquist on c-span to edit o'clock eastern. the bipartisan policy center looks at lessons from the 1990 federal budget deal. speakers include tom foley and john sununu. in a few moments, today's headlines in your phone calls live on "washington journal." at 10:00 eastern, the house transportation committee will hold an amtrak operations meeting. and the house of representatives will be back in session at noon eastern. in about 45 minutes, we will hear about the investigation into the attacks in the benghazi , libya from a correspondent from "nation
FOX Business
Nov 28, 2012 11:00am EST
. pertaining to the fiscal cliff, it really is a market moving event. you have john boehner talking but he is optimistic a deal can be reached. this comes on the heels of yesterday when you had harry reid expressing caution about the fact things ar were nt going that well. we are seeing the market to the downside, they have improved and you can see it spiked up. alaska mitra said to them. dagen: speaking of house speaker john boehner, he said he is optimistic. >> i'm optimistic we can work together to avert this crisis sooner than later. connell: we also want to show you this, this is skepticism from who you would think would be a major player in the deficit talks. >> i am really worried we have a probability we could go over the cliff, and that would be catastrophic. not to go over the cliff, we have to compromise, have to have revenue. the problems are real, the solutions are painful, no easy way out. the only way you can do this ifs to have a balanced approach and that is where people are headed. connell: matt welch is here. what do you make of all this, matt? >> there is nobody at t
FOX News
Nov 28, 2012 3:00am PST
morning, everybody. well, as the fiscal cliff and two sides seem to be digging in, we've got senator imhoff and others to battle it out. and peter king on susan rice. the most important question for the potential secretary of state may be what does she really believe about the threat of al-qaeda? bill and i will see you on that and much more at the top of the hour [ female announcer ] a classic meatloaf recipe from stouffer's starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. >> brian: he's one of country music's hottest new artists with his debut album hitting number one in the charts. thanks to this single "cowboys and angels." >> steve: now country singer dustin lynch is out with his second single and he joins us live in just a moment. you'll be performing "che cranks my tractor, which is the perfect song for the holidays. >> definitely is. the video is perfect also. >> steve: was that tease accurate? you got a
CSPAN
Nov 28, 2012 7:30am EST
expected to talk about the so-called fiscal cliff and debt and deficit reduction. mr. norquist said no for promoting his no new taxes pledge to gop lawmakers. politico's chief white house correspondent mike allen will lead off the discussion with issues of questions. we expected to get underway in just a moment like you on c-span2. -- live here on c-span2. [inaudible conversations] >> thanks for coming out. this is two weeks in a row. [inaudible] we appreciate your being here. we are excited to have grover norquist, president of americans for tax reform. welcome all. [inaudible] people who are following us on twitter, tweet us at hash tag -- [inaudible] we will take questions. we want to thank bank of america supporting these series, these issues. those that matter most to us. today we're going to talk about a very important issue -- [inaudible] we appreciate bank of america. [inaudible] we would love to take your questions. i would love to bring up grover norquist. good morning, grover. [applause] >> thank you very much. thank you very much for coming out. [inaudible] look, here's the cha
CNBC
Nov 28, 2012 1:00pm EST
hill fiscal cliff debate but i'm not sure markets are getsing this right. listen to the speaker boehner sound bite that rallied the market earlier this morning. then on the other side i want to explain what he was actually saying there. take a listen. >> it's time for the president and democrats to get serious about the spending problem that our country has. but i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> now the market rallied on boehner saying he was optimistic. we saw a nice little balance in the dow jones after those comments came automatic. but the markets should not necessarily be rallying on everyone of these statements because lot of them are simply boiler plate, place holder kinds of statements that members of congress typically make. speaking of people up here on capitol hill, i also talked to goldman sachs ceo lloyd blankfein who told me or not way into the meetings today of what his vision is what the deal should actually be cut should look like. >> you don't want to burden people who are the least able to afford it. at the same time you don't want to disincentivize the eco
FOX News
Nov 28, 2012 10:00am PST
. satisfaion guaranteed or your money back. megyn: fox news alert new fallout from the fiscal cliff talks. the white house facing tough questions about what's really on the table when it comes to a big deal with republicans. i'm megyn kelly. we detailed the report last hour from an influential political blogger how some union reps and progressive groups held a private meeting with white house senior officials yesterday. these groups were told not to worry about entitlement reforms or big budget cuts as part of this deal. ed henry asked the white house, are federal spending cuts part of this package or not? >> when asked about pressuring democrats you said he vowed to do that in the future. >> he has done it in the past and he will do it in the future. he committed every time he talks about this to a balanced approach that includes -- revenues, spending cuts and savings through entitlement reforms. megyn: ed henry joins us now fresh from the exchange with mr. carney. what happened there? >> reporter: it's a big story that's developing. all along there has been an assumption on both s
FOX News
Nov 28, 2012 8:00am PST
on but he is optimistic that the white house and congress will reach a deal to avoid a fiscal cliff. jon? jon: peter barnes outside the white house. peter has a beautiful backdrop today. it is a good thing. we don't backdrop here in the studio at the moment, peter. looking good at the white house. >> reporter: thanks. jenna: there has been a lot of talk about secretary of state hillary clinton and what she will do potentially after she leaves the state department. how well does she do her job? what's next? we'll take a closer look ahead. [ male announcer ] with 160 more miles per tank, the distances aren't getting shorter. ♪ the trucks are going farther. the new 2013 ram 1500. ♪ with the best-in-class fuel economy. engineered to move heaven and earth. ♪ guts. glory. ram. jon: fox news alert for you now. we are awaiting remarks from president obama. he is pushing his plan to try to avoid the year-end fiscal cliff. this speech comes ahead of a meeting between the president and business leaders later today discussing actions the white house says are aimed at growing the economy a
CSPAN
Nov 27, 2012 8:00pm EST
. from michael her issue. the rest of the program will focused on the so-called fiscal cliff and the bush era tax rates. our guest will include alex from the mesh enterprise substitute and e than poll lick with the economic policy substitute. washington journal is live on c-span every day at 7:a.m. eastern. >>> on 16 or 17 bases in the united states we have military -- [inaudible] the average cost to agent dmield that school per year is $50,000. almost four times what the rest of the public education costs. and many -- the vast majority of our bases we use public schools. we can take the money we're spending today, pay every public school system $1 4,000 per child and save billions of dollars per year. and with the same or better outcomes. >>> this weekend you can take with oklahoma stater tom coburn about the fiscal cliff. on booktv in-depth. the senator is written several books including the latest "the debt bomb" join the three-hour conversation your call, e-mails, face and comments. live sunday at noon eastern on booktv in-depth on c-span2. >>> former florida governor jeb bush called
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